RENOVE ALBERT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RENOVE ALBERT
Largest movements
- Cash -€23,565
down €23,565 (-39.8%), from €59,224 to €35,659
mainly Trade debts (-€21,015) and Receivables within one year (-€20,770)
- Receivables within one year +€20,770
up €20,770 (+11.3%), from €184,188 to €204,958
of which Trade receivables: +€33,260
- Stocks and contracts +€11,225
new in 2025: €11,225
- Deferred charges and accrued income -€8,713
down €8,713 (-40.9%), from €21,291 to €12,578
- Tangible fixed assets -€3,210
down €3,210 (-18.1%), from €17,733 to €14,522
of which Furniture and vehicles: -€1,837
- Trade debts -€21,015
down €21,015 (-99.3%), from €21,153 to €138
- Other debts +€18,588
up €18,588 (+6,098%), from €305 to €18,893
- Tax, wage and social debts +€11,212
up €11,212 (+218%), from €5,153 to €16,366
of which Taxes: +€6,387
- Debts after one year -€7,100
down €7,100 (-55.1%), from €12,889 to €5,789
- Short-term financial debts -€5,674
no longer reported in 2025 (was €5,674)
- Gross operating margin -€60,870
down €60,870 (-33.4%), from €182,118 to €121,248
- Staff costs -€58,487
down €58,487 (-38.0%), from €154,045 to €95,558
- Financial charges -€2,284
down €2,284 (-26.3%), from €8,674 to €6,390
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,436 | €282,943 | -€3,493 | -1.2% |
| Fixed assets | 21/28 | €21,733 | €18,522 | -€3,210 | -14.8% |
| Tangible fixed assets | 22/27 | €17,733 | €14,522 | -€3,210 | -18.1% |
| Plant, machinery and equipment | 23 | €7,100 | €5,726 | -€1,374 | -19.4% |
| Furniture and vehicles | 24 | €10,633 | €8,797 | -€1,837 | -17.3% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €264,703 | €264,420 | -€283 | -0.1% |
| Stocks and contracts in progress | 3 | - | €11,225 | +€11,225 | |
| Stocks | 30/36 | - | €11,225 | +€11,225 | |
| Amounts receivable within one year | 40/41 | €184,188 | €204,958 | +€20,770 | +11.3% |
| Trade receivables | 40 | €154,425 | €187,685 | +€33,260 | +21.5% |
| Other amounts receivable | 41 | €29,763 | €17,274 | -€12,490 | -42.0% |
| Cash at bank and in hand | 54/58 | €59,224 | €35,659 | -€23,565 | -39.8% |
| Deferred charges and accrued income | 490/1 | €21,291 | €12,578 | -€8,713 | -40.9% |
| Total equity and liabilities | 10/49 | €286,436 | €282,943 | -€3,493 | -1.2% |
| Equity | 10/15 | €234,560 | €234,658 | +€97 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,100 | €214,198 | +€97 | 0.0% |
| Amounts payable | 17/49 | €51,875 | €48,285 | -€3,590 | -6.9% |
| Amounts payable after more than one year | 17 | €12,889 | €5,789 | -€7,100 | -55.1% |
| Financial debts | 170/4 | €12,889 | €5,789 | -€7,100 | -55.1% |
| Amounts payable within one year | 42/48 | €38,986 | €42,496 | +€3,510 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €6,701 | €7,100 | +€399 | +5.9% |
| Financial debts | 43 | €5,674 | - | -€5,674 | |
| Other loans | 439 | €5,674 | - | -€5,674 | |
| Trade debts | 44 | €21,153 | €138 | -€21,015 | -99.3% |
| Suppliers | 440/4 | €21,153 | €138 | -€21,015 | -99.3% |
| Taxes, remuneration and social security | 45 | €5,153 | €16,366 | +€11,212 | +218% |
| Taxes | 450/3 | - | €6,387 | +€6,387 | |
| Remuneration and social security | 454/9 | €5,153 | €9,979 | +€4,826 | +93.6% |
| Other amounts payable | 47/48 | €305 | €18,893 | +€18,588 | +6,098% |
| Remuneration, social security and pensions | 62 | €154,045 | €95,558 | -€58,487 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,842 | €7,468 | +€1,626 | +27.8% |
| Other operating charges | 640/8 | €5,773 | €5,348 | -€425 | -7.4% |
| Gross operating margin | 9900 | €182,118 | €121,248 | -€60,870 | -33.4% |
| Operating profit (loss) | 9901 | €16,459 | €12,874 | -€3,585 | -21.8% |
| Financial charges | 65/66B | €8,674 | €6,390 | -€2,284 | -26.3% |
| Recurring financial charges | 65 | €8,674 | €6,390 | -€2,284 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €7,785 | €6,484 | -€1,301 | -16.7% |
| Income taxes | 67/77 | €5,658 | €6,387 | +€729 | +12.9% |
| Profit (loss) for the period | 9904 | €2,127 | €97 | -€2,030 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,127 | €97 | -€2,030 | -95.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.